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11.03.14 08:26 Dow Jones Newswires

PRESS RELEASE: technotrans AG: technotrans continues to expect moderate growth

DGAP-News: technotrans AG / Key word(s): Final Results technotrans AG: technotrans continues to expect moderate growth

11.03.2014 / 08:25

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2013 financial year completed in line with adjusted expectations / revenue up 16.0 percent to EUR 105.2 million / EBIT margin reaches 4.4 percent / dividend 20 cents per share / drive to increase revenue share from outside printing industry making good progress

Sassenberg, March 11, 2014 The revenue total for the technotrans Group reached EUR 105.2 million in the past financial year, representing growth of 16.0 percent compared with the previous year (EUR 90.7 million). This increase was driven first and foremost by the takeover of KLH Kltetechnik GmbH and its Asian sister companies. The printing industry, on the other hand - still technotrans' most important sales market - again performed more weakly than expected in the past financial year. In consequence, revenue of EUR 105.2 million ultimately came in merely at the bottom end of the target range for the year as a whole (EUR 110 million, +/- 5 percent). Overall, EBIT for the 2013 financial year reached EUR 4.6 million, compared with EUR 5.4 million in the previous year (-13.6 percent); that equates to an EBIT margin of 4.4 percent. As a result, the earnings target for 2013 (EBIT margin of 6 to 7 percent) defined at the start of the financial year was not achieved.

"Developments in the 2013 financial year confirmed our resolve to maintain our assertive pursuit of a course of strategic reorientation. The process of tapping new sales markets with the goal of actively taking control of organic growth again made good progress in 2013. It is merely that it is taking longer than we anticipated to realise the revenue potential of a number of projects. We therefore view the 2013 financial year as a year of transition and will continue following our chosen course", explained Henry Brickenkamp, Board of Management Spokesman of technotrans AG. "In the 2013 financial year we achieved our goal of increasing our revenue share from outside the printing industry to 30 percent. Following the takeover of Termotek AG in 2011, we have thus added considerable breadth to our presence in the growing market of the laser industry with the acquisition of KLH."

The net profit for the 2013 financial year is EUR 3.0 million, equivalent to a rate of return of 2.9 percent (previous year 3.4 percent). Earnings per share outstanding consequently came to EUR 0.47. The Board of Management and Supervisory Board will propose to the Shareholders' Meeting in May 2014 that a dividend of EUR 0.20 per share outstanding be distributed. "This brings us much closer to our future goal of distributing 50 percent of the consolidated net profit, provided no current investment requirements or major acquisitions stand in the way of using financial resources in this way," declared Dirk Engel, Finance Director of technotrans AG.

The number of employees in the technotrans Group increased from 662 to 777 in the course of 2013.

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